Oil and Natural Gas Corp. Ltd’s (ONGC) hard bargain with state-run United India Insurance Co. Ltd and General Insurance Corp. of India (GIC Re) has further brought down its annual renewal premium by almost 25% to $16 million for both insurance as well as reinsurance covers for its offshore assets valued at $34 billion.
BNP Paribas has hired a managing director from Barclays to join its insurance debt capital markets team.Expanding insurance coverage for a type of in vitro fertilization known as elective single-embryo transfer could lead to improved health outcomes and lower health care costs, according to a newly published study that included researchers from the University of Colorado School of Medicine.
Santam has agreed to acquire Absa’s intermediated commercial short-term insurance policies. Absa said on Friday this was part of a process started last year.
The Federal Emergency Management Agency is changing how it implements the National Flood Insurance Program in Oregon to avoid further destruction of fish habitat.